Cranbury Executive Center | High Occupancy 1249 S River Rd 9 296 m² 96 % Loué Bureau Vente aux enchères en ligne Cranbury, NJ 08512

Cranbury Professional Center is the ideal investment just outside of Princeton, New Jersey. Cranbury Executive Center is located on a professionally landscaped 10-acre lot and was constructed in 2007. This multi-tenant office property comes equipped with three stories. The building’s exterior design offers brick veneer with bronze window systems. The interior features a two-story vestibule on both the north and south elevations. The lobby entrances are finished with ceramic floors, carpeted hallways, and vinyl wall-covered common areas. The building's center core design has two elevators and common area restrooms per floor. A 25-year lease agreement was signed in early 2022 for installation of raised solar panels throughout the parking lots which will increase revenue and NOI substantially. The property has several other impressive features, such as on-site food service offering breakfast, lunch, and catering, approximately 400 parking spaces, and pylon signage on River Road with multiple tenant names. The property is currently 96% occupied by a variety of tenants in this professional business setting. Many have historical occupancy on site, creating a solid investment for new ownership. The lease terms are staggered, allowing buyers to strategically plan for the future of this asset.
This office property benefits as a part of the larger Brunswick West Office Submarket. Brunswick West contains 10.9 million square feet of inventory, compared to 976 million square feet of inventory metro-wide. Rents have changed by an impressive 1.2%. Over the past year, six office properties traded in Brunswick West, accounting for 90,000 square feet of inventory turnover. Office sales volume in Brunswick West has totaled $10.1 million over the past year. The average annual sales volume over the past five years is $24.9 million, and $68.6 million over the past 10 years.

Cranbury Executive Center is also a part of the greater New York office landscape. One of the area’s strengths is its diversity in economic makeup. No single industry commands a majority share in employment, which protects the economy during a downturn. Outside of tech and finance, other notable industries include the legal, healthcare, hospitality, and retail sectors. The tech sector has been rapidly growing since 2010. Major tech firms with a sizable presence include Google, Amazon, X (formerly known as Twitter), Meta, and Spotify. Startups are a growing part of the tech ecosystem.

Cranbury Executive Center is located at 1249 South River Road, Cranbury, New Jersey. The location is just minutes from Exit 8A off the New Jersey Turnpike/Interstate 95, which quickly connects to major nearby metros. Cranbury has many distributions close to the asset because of its strategic location off of Interstate 95. The Home Depot, Wayfair, Amazon, Crate & Barrel, Barnes & Noble, and Williams Sonoma are some of the big names in this corridor.

Property tours are available by appointment only. Please contact the listing broker to schedule.